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>> it was introduced in 1965 at the world's fair right here in new york city. >> stephen: in support of that you are introducing a new 50th anniversary. >> absolutely. >> stephen: of -- there is the 20 -- this is the 2015 mustang. uh wow. [ applause ] >> stephen: my question is, though you still know it is 2013, right? and yet we are looking at the 2015 mustang. >> yes. >> stephen: i assume you have come here to tell me about it in the 2028 ford time machine. does it have a jet pack? >> that is the future. that is the future, yes. >> stephen: we should hope so. >> absolutely. >> stephen: now, speaking of cars of the future, you guys, let's talk about cars of the past and car companies of the past. >> yes. >> stephen: because back in the old auto bailout you are the only zero company that didn't take a bailout. >> right. >> stephen: gm and chrysler had to be bailed out. what is it about ford and one of the reasons i like you guys is that you are capitalists unlike those bolsheviks over at gm and chrysler. comrade! what do you think of those guys sucking on the government teat? >> isn'
>> it was introduced in 1965 at the world's fair right here in new york city. >> stephen: in support of that you are introducing a new 50th anniversary. >> absolutely. >> stephen: of -- there is the 20 -- this is the 2015 mustang. uh wow. [ applause ] >> stephen: my question is, though you still know it is 2013, right? and yet we are looking at the 2015 mustang. >> yes. >> stephen: i assume you have come here to tell me about it in the 2028 ford time...
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attack on the defense ministry in yes men, thousands of fast food workers on strike across hundreds of cities in the united states, so we dive right in and read some viewer mail. >> folks, got a big file right here. our first letter tonight comes to us on actual paper. dear stephen, which power is better, flight or invisibility? i am asking for a friend. sincerely, stephen colbert, but not you. that's nice, steven, i recognize my own handwriting. okay, let's settle this one, for once and all, obviously flight and invisibility have big pros and cons. flight, problematic because i am scared of heights, but so is invisibility, because i am scared of people not noticing me. so that's a tie. one point each. now let's talk the economics of the situation. the most recent superman grossed $291 million at the box office but the "lord of the rings" grossed 377 million. clearly, the market says invisibility, not to mention, the invisible hand of the market is invisible. double win for invisibility, two invisible thumbs up. >> now, as long -- [ cheers and applause ] >> stephen: people love the invisibili
attack on the defense ministry in yes men, thousands of fast food workers on strike across hundreds of cities in the united states, so we dive right in and read some viewer mail. >> folks, got a big file right here. our first letter tonight comes to us on actual paper. dear stephen, which power is better, flight or invisibility? i am asking for a friend. sincerely, stephen colbert, but not you. that's nice, steven, i recognize my own handwriting. okay, let's settle this one, for once and...
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Dec 10, 2013
12/13
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. >> i put on a fake beard and tried begging in new york city. >> you ready to freeload? >> stephen: nothing says objective journalism like, are you ready to freeload? (laughter) and that day, folk, johns to el learned what we already knew, when people look at him, they're filled with pitty. (laughter) jim. >> i hit the street and started begs. >> you can help me, ma'am. people gave me money. they gave me money when my cardboard sign said homeless and cold. >> i just begged for an hour but i did well. if i did this for an eight hour day i would have made 90 bucks, 23,000 for a year. tax-free. >> 11 bucks an hour. i mean make it rain! while, of course, praying that it doesn't rain. nows to el knows we must resist our natural urge to help these big fat fakers. >> are you suggesting that the people who are begging for money on the streets, we should not give them money? >> yes. and it's not i who am suggesting that, the people who work with the homeless say don't give them money. it's a bad thing. are you an enabler, are you enabling their alcohol or their drug habit. far be
. >> i put on a fake beard and tried begging in new york city. >> you ready to freeload? >> stephen: nothing says objective journalism like, are you ready to freeload? (laughter) and that day, folk, johns to el learned what we already knew, when people look at him, they're filled with pitty. (laughter) jim. >> i hit the street and started begs. >> you can help me, ma'am. people gave me money. they gave me money when my cardboard sign said homeless and cold....
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we now have the freedom chip, the one mile long 25 story tall megaship that is more like a floating city than a boat. it would carry up to 50,000 full-time residents. unclear how taxes would work for people there but they said it will not be registered in the united states. so uncle sam would not be able to get to people on that boat. >> stephen: that's right, the freedom ship with all the slick design of an unfinished parking garage. and everything the stateless billionaire tycoon needs to feel at home. banks, casinos, and a 1.7 million square foot international shopping mall. imagine, an enormous mall you never have to leave because you can't. it's up to you, another orange julius or a watery grave. and as for accommodations, freedom ship offers the ultimate in high net worth real estate. for as little as 9.1 million you can reserve a water view ultimate apex room boasting such luxury amenities as carpets, lights, and finished walls. what? finished walls! that's like the hot tub of blocking wind. (laughter) freedom ship is also for your freedom children who will receive the finest scho
we now have the freedom chip, the one mile long 25 story tall megaship that is more like a floating city than a boat. it would carry up to 50,000 full-time residents. unclear how taxes would work for people there but they said it will not be registered in the united states. so uncle sam would not be able to get to people on that boat. >> stephen: that's right, the freedom ship with all the slick design of an unfinished parking garage. and everything the stateless billionaire tycoon needs...
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the point is he is going to turn this city into a living hell. >> jon: he's not. all he is doing is adding a half percent tax increase on wealthier residents for pre,-k. >> a living hell. new yorkers traveling underground packed together in urine scented sub terrainan sewage trolleys and line up to eat wet tubes of meat dispensed from soviet era metal carts. ew. >> jon: i think you are describing how most people in new york live right now. [ laughter ] >> what about crime, jon? are you ready to go back to running in fear of gangs wearing roller skates. >> jon: that's footage from the warriors. the documentary the warriors by ken burns. >> jon: i'm surprised you are not happier that nanny state bloomberg is leaving with all his laws about where you can smoke and what soda you can buy. >> i drink big soda and smoke where i want. i'm a rich person. here i am at the museum of natural history. >> jon: you are inside -- >> i'm a donor i can pet the taxidermy. >> jon: that's a maternity ward. i was handing out cigars to babies. here i am seeing how the other half live. >
the point is he is going to turn this city into a living hell. >> jon: he's not. all he is doing is adding a half percent tax increase on wealthier residents for pre,-k. >> a living hell. new yorkers traveling underground packed together in urine scented sub terrainan sewage trolleys and line up to eat wet tubes of meat dispensed from soviet era metal carts. ew. >> jon: i think you are describing how most people in new york live right now. [ laughter ] >> what about...
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Dec 3, 2013
12/13
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then thursday, friday, dallas, oklahoma city going to get very dicey. this is what it ookz like now. be careful of the fog, dallas, memphis, all the way to little rock. that will exit and then the cold blast will really encompass much of the middle of the nation. east coast stays pretty warm much of this week, and then the snow will pile up. even denver could see maybe 6 to 12 inches of snow starting tonight into tomorrow. you can see, brian, look at the map. we're 46 today in denver. their high tomorrow is 10. >> wow. >> and it will be snowing hard. so, those are some of the airports to avoid. all this mess comes to the east coast mostly as rain friday, saturday. >> all right. always comes to us on the weekend. bill, thank you very much. >>> coming up at the top of the hour on "morning joe," inside the train derailment that left four commuters dead. the engineer now the center of the investigation and why he says he was going more than 50 miles per hour faster than he was supposed to be going. and when we come back here, we will huddle around the coole
then thursday, friday, dallas, oklahoma city going to get very dicey. this is what it ookz like now. be careful of the fog, dallas, memphis, all the way to little rock. that will exit and then the cold blast will really encompass much of the middle of the nation. east coast stays pretty warm much of this week, and then the snow will pile up. even denver could see maybe 6 to 12 inches of snow starting tonight into tomorrow. you can see, brian, look at the map. we're 46 today in denver. their...
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Dec 7, 2013
12/13
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optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's mastry. to thrive, detroit needs less government and more freedom, less red tape, less punitive taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple
optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's...
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Dec 4, 2013
12/13
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today the city is shrinking and broke. to solve its financial crisis detroit will have to cut city workers pensions. illinois just pass emergency legislation to tackle $100 billion shortfall in its pension obligations. that's huge money and people will pay the price. on this edition of inside story we'll look at the trade-offs and solutions when balance sheets teeter to the brink of disaster, and we start in detroit. >> let me just say that the judge has spoken, and i do think it's a tough day for all of us here in detroit [♪ music ] >> once the nation's fourth largest city, the heart of the auto industry and the soul of american music today's detroit is a portrait of urban decay and facing a water shed moment. it is the largest municipality in u.s. history to file for bankruptcy. a federal judge ruled the city is not only insolvent but in a decisive verdict declared that pensions will be included on the chopping block. dave bing is the outgoing mayor. >> the only way we stayed alive, quite frankly, is through cuts. we c
today the city is shrinking and broke. to solve its financial crisis detroit will have to cut city workers pensions. illinois just pass emergency legislation to tackle $100 billion shortfall in its pension obligations. that's huge money and people will pay the price. on this edition of inside story we'll look at the trade-offs and solutions when balance sheets teeter to the brink of disaster, and we start in detroit. >> let me just say that the judge has spoken, and i do think it's a...
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Dec 8, 2013
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if you take pictures anywhere the city, i was with my wife. we weren't married then but walk all over the place. every picture we got back there was somebody in the background vomiting. there would be a guy on his hands and knees puking his brains out. >> that was me. >> why did you come with us ? >> i didn't. i was just following you around. >> we were the only people who weren't high. >> okay. >> i can't smoke pot. i get too crazy. i'm sorry. if i could do any drug on the planet except for pot and vicodin. i will go to the hospital the moment i smoke a joint. >> you haven't smoked vicodin. >> they do horrible things to me. i don't know why i'm telling people this. >> 90-year-old man. >> yeah. i can't eat chili anymore. that and vicodin. >> that's true. i can't eat chili. >> you take a prilosec with the vicodin. >> we are old. all of us are old. stephen still has great hair. that's the thing that bothers me. i don't understand what they put in the baldwin's -- >> how is bald in your name? that's the most annoying thing in the world. >> it's w
if you take pictures anywhere the city, i was with my wife. we weren't married then but walk all over the place. every picture we got back there was somebody in the background vomiting. there would be a guy on his hands and knees puking his brains out. >> that was me. >> why did you come with us ? >> i didn't. i was just following you around. >> we were the only people who weren't high. >> okay. >> i can't smoke pot. i get too crazy. i'm sorry. if i could do...
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Dec 3, 2013
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how soon before detroit is a better city? a city that people want to move to? a city that just doesn't feel safe, but is actually safe? how soon before detroit is relatively back on its feet in your honest opinion? >> okay. honest opinion, two things i said, i think downtown, and in some areas you are already seeing that. downtown has a 97% lease rate. you couldn't move here if you wanted to, and you are seeing a tremendous amount of construction and interest into the city. the real issue is how do the other neighborhoods feel? and that's why we're so focused on dealing with blight issues, policing, garbage collection and so on and so forth. but something that attorney general holder said a month or so ago, one of the things we need to do is recognize first and foremost that we have been marching our way here for 60 years. there were no computers during that time. it's going to take some time for us to big ourselves out of this predicament city wide. so what i would ask is there be some gain in terms of dealing with the time frame that is involved to deal with
how soon before detroit is a better city? a city that people want to move to? a city that just doesn't feel safe, but is actually safe? how soon before detroit is relatively back on its feet in your honest opinion? >> okay. honest opinion, two things i said, i think downtown, and in some areas you are already seeing that. downtown has a 97% lease rate. you couldn't move here if you wanted to, and you are seeing a tremendous amount of construction and interest into the city. the real issue...
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of their lives to that city. correspondent mike tobin reports tonight on the granting of bankruptcy protection for detroit. >> reporter: the rule, is unwelcome to detroit city employees as their pension now hangs in the balance as detroit digs itself out from $18 billion in debt. >> this is a moral issue that we're dealing with. it is wrong for you to take somebody's pension that have given their lives, that have sacrificed 30 years. >> reporter: the trouble began with the exodus that followed automotive jobs. with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be
of their lives to that city. correspondent mike tobin reports tonight on the granting of bankruptcy protection for detroit. >> reporter: the rule, is unwelcome to detroit city employees as their pension now hangs in the balance as detroit digs itself out from $18 billion in debt. >> this is a moral issue that we're dealing with. it is wrong for you to take somebody's pension that have given their lives, that have sacrificed 30 years. >> reporter: the trouble began with the...
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d.c.t 6:00 p.m., the council has given parliamentary approval to raising the cities minimum-wage. the vote was unanimous. if approved on second reading and signed, the minimum wage would jump to $11.50 an hour. the current minimum wage is $8.25 an hour. montgomery and prince george's counties raised their minimum wage to $11.50 an hour last month. >> vice president joe biden is calling for calm in the airspace dispute between china, japan, and other u.s. allies. the vice president met today with the china -- the japanese prime minister. the vice president will discuss the issue during a meeting with in beijingsident tomorrow. >> that newspaper editor who broke the edward snowden story about nsa classified document says he has just scratched the surface of the scandal. said he hasdger published one percent of the documents received by the paper. he also accused british authorities of trying to intimidate the newspaper. >> coming up on abc seven news at 6 p.m. a teacher accused of sexually thusing a child wit special needs. the family says they refuse to remain silent. >> and unusua
d.c.t 6:00 p.m., the council has given parliamentary approval to raising the cities minimum-wage. the vote was unanimous. if approved on second reading and signed, the minimum wage would jump to $11.50 an hour. the current minimum wage is $8.25 an hour. montgomery and prince george's counties raised their minimum wage to $11.50 an hour last month. >> vice president joe biden is calling for calm in the airspace dispute between china, japan, and other u.s. allies. the vice president met...
SFGTV2: San Francisco Government Television
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Dec 2, 2013
12/13
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their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing fuels >> i want to follow up on cars you note in 1983 half of the americans have driver's license and only 29 percent today perhaps more cities with fewer cars and more people. 24 cultural change and highway we get around >> well, there's some big demographic challenges and changes we see it with the rebirth of our cities not only as amenities but as a van guard you know april rent has written a lot about the collaborative consumption. we are seeing people treat some of those products in the past >> can now share like zip car and we s
their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing...
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Dec 9, 2013
12/13
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city to declare bankruptcy this week. the motor city, the former icon of america will now restructure more than $18 billion in death. joining us is dennis archer. he's mayor of detroit, michigan. we want to thank you for being here today. >> thank you very much for having me. >> is this a good thing for detroit? >> absolutely. when you consider that we're going to run out of cash, have no money to pay any bills by tend of this month or no later than january of 2014. there really was no choice. >> it will mean likely that those who have been holding onto some of these promises made to them will be left out in the cold. >> let me make this observation, from everything i know about the judge who have shared with me high regard of being very fair and thorough and very circumspect. when it's all said and done there's going to be high regard and respect shown to pensioners, creditors and bondholders. >> this is something the rest of the nation has been looking to. >> as judge rhoade said in his opinion, that the pensioners have
city to declare bankruptcy this week. the motor city, the former icon of america will now restructure more than $18 billion in death. joining us is dennis archer. he's mayor of detroit, michigan. we want to thank you for being here today. >> thank you very much for having me. >> is this a good thing for detroit? >> absolutely. when you consider that we're going to run out of cash, have no money to pay any bills by tend of this month or no later than january of 2014. there...
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city to ever enter bankcy. the city's $18 billion debt could include cutting pensions. >>> results of drug and alcohol tests on the train operator of the train that went offel rails came
city to ever enter bankcy. the city's $18 billion debt could include cutting pensions. >>> results of drug and alcohol tests on the train operator of the train that went offel rails came
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millions every year in unpaid taxes the motor city once ground zero. for the american dream is now ground zero for the worst policies of the post reagan economy its industrial heart has been shredded in the name of free trade its workforce has been decimated by glorified union busting schemes and in the final insult to add that final insult to injury its impoverished population has been ripped off by predator banks toure's course you can expect the media focus on those things right i mean with so much money to be made through a bankruptcy it's far easier to focus on the short term and blame the retiring those former workers were the only ones who kept their part of the bargain by trading lower pay and longer working hours for a pension it's now being stolen from them by michigan's republican governor if we really want to save the rest of our country from devastation when you take a good hard look at the lessons of detroit because if we continue on the path we've been on for the past thirty years introduced decline won't be just a sad story it will be a
millions every year in unpaid taxes the motor city once ground zero. for the american dream is now ground zero for the worst policies of the post reagan economy its industrial heart has been shredded in the name of free trade its workforce has been decimated by glorified union busting schemes and in the final insult to add that final insult to injury its impoverished population has been ripped off by predator banks toure's course you can expect the media focus on those things right i mean with...
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Dec 8, 2013
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we need to use all the big cities. we have to change. we will not be able to win nationally again, and some people are stuck in a rut on this. a lot of people are waking up. the michigan gop knows we have to do better if we're going to win. >> i am bringing it on home with the last two questions. what are your thoughts on obamacare? too many questions. i had to ask you three. >> i may need a couple hours. it is unraveling on its own effects. i was telling jonathan that i think it is not that government is inherently stupid, although that is a debatable point. it is that they do not get the right incentives. the business would be run this way because you would be run out of business immediately. we have put into law perverse incentives. people who had cheap insurance no longer can buy that. it is what they could afford and that is the only way they had it. i was one of them. i used to have family coverage for five people, for $5,000. a $5,000 deductible. in obamacare, you can have a higher detectable and still pay $20,000 because there is
we need to use all the big cities. we have to change. we will not be able to win nationally again, and some people are stuck in a rut on this. a lot of people are waking up. the michigan gop knows we have to do better if we're going to win. >> i am bringing it on home with the last two questions. what are your thoughts on obamacare? too many questions. i had to ask you three. >> i may need a couple hours. it is unraveling on its own effects. i was telling jonathan that i think it is...
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it's the largest city in u.s. history to do so. when detroit filed for bankruptcy in july it was an open question if the city met the legal requirements for chapter nine. today, a bankruptcy judge ruled that it did, saying in part, quote, the city no longer has resources to provide the citizens with police, fire, and emergency services. of particular importance are those 20,000 or so city retirees with guaranteed pensions that are no longer guaranteed. the ruling holds that federal law supercedes. detroit is now officially out of voters hands. >> i don't think we have a final determination as to what although of the elements are going to be to get us through this process. but it is a process that i think we need to take a lot of care because there are going to be pain for a lot of different people. >> joining us now is a former investment banger with goldman sachs where he specialized in stance. what's your reaction to today's court ruling? >> thank you for having me here. this thing of saying they can cut the pensions, that was al
it's the largest city in u.s. history to do so. when detroit filed for bankruptcy in july it was an open question if the city met the legal requirements for chapter nine. today, a bankruptcy judge ruled that it did, saying in part, quote, the city no longer has resources to provide the citizens with police, fire, and emergency services. of particular importance are those 20,000 or so city retirees with guaranteed pensions that are no longer guaranteed. the ruling holds that federal law...
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in the city have a stake in this. >> diane estherbrook in the city of detroit, we thank you. >>> detroit's bankruptcy developments have wider implications for the rest of the country. in illinois lawmakers narrowly passed that state's own pension crisis. en estimated $100 billion shortfall, the worst by far for any state in the union. they pushed back the retirement age for workers using a sliding scale. retirees will see their cost of living increases replaced by portion of benefits based on the number of years worked on the job, and current workers could stop their pension plans and switch to retirement plans. the state's public sector say they will challenge the illinois law in court. >>> it affects only illinois state workers but right now pension funs for chicago city workers including police and firefighters are short of meeting their obligation by $19.5 billion. chicago mayor rob emmanuel said, the pension process is not solved until relief is brought to chicago and local government across the state. that concerned police veterans like lieutenant maloney. he joins us now from chicag
in the city have a stake in this. >> diane estherbrook in the city of detroit, we thank you. >>> detroit's bankruptcy developments have wider implications for the rest of the country. in illinois lawmakers narrowly passed that state's own pension crisis. en estimated $100 billion shortfall, the worst by far for any state in the union. they pushed back the retirement age for workers using a sliding scale. retirees will see their cost of living increases replaced by portion of...
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senator rand paul joins us from the motor city. tell us what your plan consists of. >> this is a free market plan to rescue detroit. weapon don't rescue detroit by taking money from houston or atlanta. we rescue detroit by leaving more money in detroit. what we've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoveris
senator rand paul joins us from the motor city. tell us what your plan consists of. >> this is a free market plan to rescue detroit. weapon don't rescue detroit by taking money from houston or atlanta. we rescue detroit by leaving more money in detroit. what we've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it...
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the unions control new york city hall. bill de blasio, all his aides are close to this. new york city is going to head in that direction. >> do you agree with that? >> i don't. this is good news for the bond market and for cities that are struggling because it gives them negotiating leverage. >> put the fear of god in them. >> right. so they won't have to -- >> julie, do you agree? >> i do, actually. both parties gave away the unions in the 90s like drunken sailers in their right to get political support. it went too far. they have a commitment that's a legal contract. even in bankruptcy the unions may get screwed on this. >> didn't the judge take that into -- >> we'll see. charlie is right that this is not a good precedent to set. >> the bond holders got screwed before you deal with the unions. this isn't good for them. >> that is exactly my point. we're not sure who is going to get screwed. the unions or the bond holders. it's going to be for the court to figure out. >> ben stein? >> detroit is an incredibly sad commentary on the collapse of nonwhite urban america. it'
the unions control new york city hall. bill de blasio, all his aides are close to this. new york city is going to head in that direction. >> do you agree with that? >> i don't. this is good news for the bond market and for cities that are struggling because it gives them negotiating leverage. >> put the fear of god in them. >> right. so they won't have to -- >> julie, do you agree? >> i do, actually. both parties gave away the unions in the 90s like drunken...
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Dec 5, 2013
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wasn't for uniyorngs detroit would be the fifth largest city? >> maybe not the fifth. >> no problem with the car companies leaving? >> what is the problem with the car company. why can't a u.s. automaker make a profit on a car? the united autoworkers union. >> you use the word union like it's got an allergy. >> it destroyed detroit. >> get out of here. >> let me take you down the rabbit hole. >> the fact that the federal judge made it okay in detroit, a lot of other states are at similar risks. is this a precedent? >> yes. it's going to be more -- this is more of what we're going to see. one after the next, they'll go for it and say, this is my case. show the example of detroit. if it was granted if detroit, and it's the easy way out. unfortunately, thing are so bad, maybe there isn't another direction at this point. the fact that it got there, that this is what we're left with. there is to other choice or way out. shows a complete lack of leadership. lack of courageous leaders to take on tough issues like unions, so it makes it attractive for a
wasn't for uniyorngs detroit would be the fifth largest city? >> maybe not the fifth. >> no problem with the car companies leaving? >> what is the problem with the car company. why can't a u.s. automaker make a profit on a car? the united autoworkers union. >> you use the word union like it's got an allergy. >> it destroyed detroit. >> get out of here. >> let me take you down the rabbit hole. >> the fact that the federal judge made it okay in...
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Dec 4, 2013
12/13
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KCSM
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the judge ruled on tuesday that the city is able to provide services and pay its bills. the ruling paves the way for detroit to have a fresh start under court supervision. the child in july filed for bankruptcy protection from creditors with debts of eighteen billion dollars. city leaders say they'll drop a corp back rehabilitation plan by the end of this month they're expected to negotiate with creditors to cut loan repayments and medical spending for a retired city workers. and time for check on them i think the us stock prices continue to fall on tuesday investors worried about weak consumer spending the holiday shopping season gets underway the dow jones industrial average lost zero point five nine percent. annie at fifteen thousand nine hundred and fourteen. that's the third straight sessions of declines of more in japanese stocks that could be really at the tokyo stock exchange. you mean overnight market developments not positive how investors in japan reacting to this morning hike in prices of fuel is selling shares after those losses on wall street and lsd at the
the judge ruled on tuesday that the city is able to provide services and pay its bills. the ruling paves the way for detroit to have a fresh start under court supervision. the child in july filed for bankruptcy protection from creditors with debts of eighteen billion dollars. city leaders say they'll drop a corp back rehabilitation plan by the end of this month they're expected to negotiate with creditors to cut loan repayments and medical spending for a retired city workers. and time for check...
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Dec 9, 2013
12/13
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CNNW
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and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so that we can take all the lessons from the revitalization of urban america to other cities. so we are now working in chicago and in washington, dc and newark. it's amazing how important safe, affordable housing is to the future of our society. with an ultra-thin coating and fast absorbing advil ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. [ male announcer ] campbell's homestyle soup with farm grown veggies. just like yours. huh. [ male announcer ] and roasted white meat chicken. just like yours. [ male announcer ] you'll think it's homemade. i love this show. [ male announcer ] try campbell's homestyle soup. >>> uh-oh, there's a lot of people out here. what's going on here? >> just turn. swing right here and park right by this tent. [ cheers and applause ] >> this is awesome. >> let me get his chair. >> congratulations to you. >> thank you. >> it's
and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so that we can take all the lessons from the revitalization of urban america to other cities. so we are now working in chicago and in washington, dc and newark. it's amazing how important safe, affordable housing is to the future of our society. with an ultra-thin coating and fast absorbing advil ion core™ technology, it stops pain before it gets worse....
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Dec 9, 2013
12/13
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CNNW
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, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. >>> i heard we had a true hero in the house tonight. and sergeant jackel and his family are here. i thought you guys might like to say thanks to them. [ cheers and applause ] >> thank you, kix. i'm dan wallrath. i'm with operation finally home. i'm the president and founder. we build mortgage-free custom homes for our wounded heroes. now, tonight, as kix said, we've got a special guest here. we have sergeant stephen jackel. it would take me half a day to list all the medals that this young man has received. his team run over -- the vehicle he was in, they ran over an ied. stephen lost both his legs in that attack. the vehicle was on fire. and he saved his whole group. this is a real american hero right here. [ applause ] ladies out there, let me tell you, this is a strong woman. [ cheers and applause ] six kids at home, a husband overseas, loses two legs
, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. >>> i heard we had a true hero in the house tonight. and sergeant jackel and his family are here. i thought you guys might like to say thanks to them. [ cheers and applause ] >> thank you, kix. i'm dan wallrath. i'm with operation finally home. i'm the president and...
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Dec 7, 2013
12/13
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CSPAN
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optimism is bringing this city back. this city is not afraid of opportunity. the not discouraged about past. i love the way she put that. a young woman who believes and tic about the future of detroit. but one thing is certain, detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not all in some central planner's notebook. is detroit needs to thrive not washington's domineering and, but freedom from big gofrt's mastery. to thrive, detroit needs less freedom.t, more less red tape, less punitive axes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. introduce ere to something i call economic freedom zones. that would be introduced next year in washington. the freedom zones would reduce axes and red tape so detroit businesses can grow and thrive. t's similar to what jack kemp introduced. he loved to find ways to empower eople, real people, regardless of race or family background. he ca
optimism is bringing this city back. this city is not afraid of opportunity. the not discouraged about past. i love the way she put that. a young woman who believes and tic about the future of detroit. but one thing is certain, detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not all in some central planner's notebook. is detroit needs to thrive not washington's domineering and, but freedom from big gofrt's mastery. to thrive,...
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Dec 9, 2013
12/13
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BLOOMBERG
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not for one moment can you diminish the issues and challenges that lie ahead for the city. for us to come here and base our manufacturing facility here combined with great design, wonderful value and equality watch made was swift parts that is assembled using swiss equipment, we thing we have done something very compelling. .his is the actual watch this is what i was talking about a few minutes ago. to my right, you can probably see the limited edition. in celebration of the wright brothers who are steeped in bike manufacturing, we produced a 25 bicycles.on they retail for $2950. fantastic bike. what is next? you said henry ford is the icon that will be ordered -- honored next year. what can we expect to see? >> you will see a very limited edition iconic watch. i'll will be part of what we have lunch, a foundry. is a very broad concept. we had to get a 100 year old brand and really turned it into a modern brand based on heritage. not only do we have bikes and watches but leather goods, journals, etc.. the henry ford watch will be an extension through the foundry which is a
not for one moment can you diminish the issues and challenges that lie ahead for the city. for us to come here and base our manufacturing facility here combined with great design, wonderful value and equality watch made was swift parts that is assembled using swiss equipment, we thing we have done something very compelling. .his is the actual watch this is what i was talking about a few minutes ago. to my right, you can probably see the limited edition. in celebration of the wright brothers who...
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Dec 4, 2013
12/13
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KICU
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shakeup in the city-- detroit gets the green light to proceed with an epic bankruptcy. in today's cover story.... the forgotten disaster. why people in the phillipines struggle to get aid to come their way. plus....how to spot hidden fees in your bank account... and.... malls of america are back in style. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning!it's wednesday, december 4th.i'm angela miles.in today's first look: stocks lose altitude. the dow is back below 16,000, the nasdaq is nearing 4,000 and the s&p has dropped past 1,800.stocks slipped tuesday as traders took money off the table to pocket profits.gold gained a couple dollars and oil shot up $3. opec members meet in vienna today for their last session of the year.the big deal there is how members will handle civil issues in lybia, iraq and iran. ex-tyco ceo dennis kozlowski will be set free prison january 17th after spending 8 years behind bars for corporate fraud. and, some abercrombie and fitch shareholders are making a pitch fo
shakeup in the city-- detroit gets the green light to proceed with an epic bankruptcy. in today's cover story.... the forgotten disaster. why people in the phillipines struggle to get aid to come their way. plus....how to spot hidden fees in your bank account... and.... malls of america are back in style. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning!it's wednesday, december 4th.i'm angela miles.in today's first...
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Dec 8, 2013
12/13
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CSPAN
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optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's mastry. to thrive, detroit needs less government and more freedom, less red tape, less punitive taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple
optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's...
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in the meantime, and officially bankrupt city. a judge rules that it is okay to file. >> not only is it illegal, but it is immoral. >> this ruling is a threat t every city in detroit. >> we think that that sets a bad precedent for other cities as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! what's in your wallet? every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion
in the meantime, and officially bankrupt city. a judge rules that it is okay to file. >> not only is it illegal, but it is immoral. >> this ruling is a threat t every city in detroit. >> we think that that sets a bad precedent for other cities as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here....
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Dec 2, 2013
12/13
by
WUSA
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the nation's busiest commuter rail services is disrupted when a train runs off the track in new york city. >> i thought i was going to die, to be honest. i thought, i'm going to die. >>> health care fixed. obama administration says it's worked out most of the bugs from healthcare.gov but warns more work is needed on the troubled website. >>> and drone drop-off? amazon unveils its new plan to deliver your purchase to your doorstep in under an hour. this is the "cbs morning news" for monday, december 2nd, 2013.
the nation's busiest commuter rail services is disrupted when a train runs off the track in new york city. >> i thought i was going to die, to be honest. i thought, i'm going to die. >>> health care fixed. obama administration says it's worked out most of the bugs from healthcare.gov but warns more work is needed on the troubled website. >>> and drone drop-off? amazon unveils its new plan to deliver your purchase to your doorstep in under an hour. this is the "cbs...
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other cities >> we are gratified with the city's eligibility to pursue a plan of adjustments under chapter nine of the federal bankruptcy code. it is business as usual in detroit. this determination gives us a better opportunity to go forward with that clean slate. neil: mark my words, that i will be a rockstar. and a bankruptcy filing is their only hope. judge napolitano, i would say you? >> they have an obligation of 18 billion and it does not have the assets or the tax base. but it owes a lot more than a it negotiated with all of its creditors, including the unions. >> if the judge does not rule as he ruled today, then instead of having an orderly bankruptcy where a judge will take obligations and slice and dice and give people their portion of the pie, you have about five or 6000 lawsuits, each that is entitled to a jury trial in a pool of assets and it would be chaos and there wouldn't be enough to pay police or fire or teachers and more so they would leave their property behind. >> don't libertarians argue let the people rule? appointed by the governor to clean up this mess and is th
other cities >> we are gratified with the city's eligibility to pursue a plan of adjustments under chapter nine of the federal bankruptcy code. it is business as usual in detroit. this determination gives us a better opportunity to go forward with that clean slate. neil: mark my words, that i will be a rockstar. and a bankruptcy filing is their only hope. judge napolitano, i would say you? >> they have an obligation of 18 billion and it does not have the assets or the tax base. but...
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is paid they're paid money if the rates fall then the city has. to pay the banks now here's the edge to that the the wall street types absolutely knew there was no question that these assets that they were selling to the cities these swaps and derivatives were going to crash and if they went down then of course wall street made all the money it was ruined in investors were ruined investments were ruined and now it's the payday bonanza for wall street is places like detroit are going out of business for no good reason by the way there are some who are suggesting and i put myself in that camp that detroit is a beta test of sorts for a coalition of corrupt republicans and banks toure's to basically asset strip assets strip other cities around the country particularly cities that have large minority populations asset strip their population. things like you know ripping off their pensions assets trip to country by taking whatever they may have whether it's the electric system or the art museum and selling it off on pennies to the dollar to the billiona
is paid they're paid money if the rates fall then the city has. to pay the banks now here's the edge to that the the wall street types absolutely knew there was no question that these assets that they were selling to the cities these swaps and derivatives were going to crash and if they went down then of course wall street made all the money it was ruined in investors were ruined investments were ruined and now it's the payday bonanza for wall street is places like detroit are going out of...